Goldman Sachs Group

1. MetLife Resolves TQP Data Encryption Patent Suit

Friday, Mar 19, 2010

Metropolitan Life Insurance Co. has become the latest defendant to settle in TQP Development LLC's wide-ranging patent infringement battle over online encrypted data transmission.

2. Limits On Analyst-Banker Communications Remain

Thursday, Mar 18, 2010

A federal judge has rejected a bid by a dozen Wall Street firms and the U.S. Securities and Exchange Commission to ease restrictions on some communications between research analysts and investment bankers prohibited by a 2003 settlement.

3. Kirkland Represents Teva In $5B Ratiopharm Deal

Thursday, Mar 18, 2010

In a move designed to help drive its growth in key European markets, Teva Pharmaceutical Industries Ltd. has agreed to fork over $4.93 billion to acquire Ratiopharm GmbH, Germany's second-largest generics maker and the sixth-largest generic-drug company worldwide.

4. CBOE To Go Public With $300M Offering

Friday, Mar 12, 2010

After clearing a long-standing legal roadblock in its push to go public, the Chicago Board Options Exchange Inc. has proposed an initial public offering of up to $300 million in shares of unrestricted common stock, according to a filing with the U.S. Securities and Exchange Commission.

5. Lyondell To Raise $3.25B To Finance Bankruptcy Exit

Friday, Mar 12, 2010

Dutch chemical company LyondellBasell Industries NV has announced that subsidiary Lyondell Chemical Co. will raise $3.25 billion through a first priority debt offering in order to finance its exit from bankruptcy.

6. Lyondell Wins Approval Of $450M Deal

Thursday, Mar 11, 2010

A bankruptcy judge has given the green light to LyondellBasell Industries AF SCA's $450 million deal with its unsecured creditors that resolves their objections to a settlement between the debtor and the lenders that financed the 2007 acquisition of Lyondell Chemical Co. by Basell Polyolefins, clearing the way for the Dutch chemical giant to leave Chapter 11.

7. TQP Hits New York Mellon, Others Over Data Patent

Thursday, Mar 11, 2010

Patent-holding company TQP Development LLC is suing a host of corporate giants, including The Bank of New York Mellon Corp., Delta Air Lines Inc., Walgreen Co., Target Corp., Time Warner Inc., UBS AG and The Allstate Corp., for allegedly infringing its patent for an encrypted data transmission system.

8. IBEW Fund Sues Goldman Over Pay Practices

Tuesday, Mar 09, 2010

A major union pension fund has slapped the top players at Goldman Sachs Group Inc. with a lawsuit alleging the firm's notorious pay structure is grossly unfair to its shareholders.

9. Lyondell Rejects Reliance Bid

Monday, Mar 08, 2010

Dutch chemical giant LyondellBasell Industries AF SCA has filed a new disclosure statement that reflects a recent settlement with its unsecured creditors, rejecting a buyout bit from India’s Reliance Industries Ltd.

10. Health Insurers Told To Post Premium Justifications

Monday, Mar 08, 2010

U.S. Department of Health and Human Services Secretary Kathleen Sebelius on Monday called on the five largest U.S. health insurers to post publicly their justification for any premium increases in the individual or small group market, as the White House intensifies its push to finish health care reform.

11. AIG Sells Insurance Unit To MetLife For $15.5B

Monday, Mar 08, 2010

American International Group Inc. has reached a deal to sell its American Life Insurance Co. unit to MetLife Inc. for $15.5 billion, making it the embattled insurance giant's second massive sell-off in the past week.

12. Kazakh Bank Gets OK For US Bankruptcy Protection

Thursday, Mar 04, 2010

A bankruptcy judge has granted Kazakhstan's second-largest bank, JSC BTA Bank, full court protection under the U.S. Bankruptcy Code while it continues its $11.6 billion restructuring in its home country.

13. DOJ Probing Hedge Funds' Bets Against Euro: Report

Wednesday, Mar 03, 2010

The U.S. Department of Justice reportedly has initiated a probe into hedge funds believed to have colluded in betting against the euro in an attempt to drive down its value.

14. Plaintiffs Appeal Dismissal Of ARS Antitrust Class Suits

Tuesday, Mar 02, 2010

Plaintiffs have challenged the dismissal of two putative class actions accusing Citigroup Inc., UBS AG, Bank of America Corp., The Goldman Sachs Group Inc. and several other financial firms of violating antitrust laws in their presentation and marketing of auction rate securities.

15. Merck To Buy Biotech Co. Millipore For $7.2B

Monday, Mar 01, 2010

Merck KGaA has agreed to acquire biotechnology company Millipore Corp. for $7.2 billion, a move the German pharmaceutical giant says will bolster its laboratory equipment business.

16. Goldman Rejects Shareholders' Compensation Demands

Monday, Mar 01, 2010

The Goldman Sachs Group Inc.'s board of directors has considered and rejected shareholder demands that the company revamp its compensation policies, the financial giant said in a regulatory filing Monday.

17. Madoff Victims Sue SIPC Over 'Net Equity' Payments

Thursday, Feb 25, 2010

Three victims of Bernard L. Madoff’s epic Ponzi scheme have launched a proposed class action claiming the leadership of the Securities Investor Protection Corp. has perpetrated its own investment fraud by denying them the “insurance” the agency promised.

18. Goldman In Hot Seat Over Greek Swaps

Thursday, Feb 25, 2010

European and U.S. authorities are turning up the heat on Goldman Sachs Group Inc. for its role in arranging controversial swaps allegedly used to disguise Greece’s debt, creating a public relations nightmare for the investment bank and sparking a regulatory backlash, observers say.

19. Coke To Absorb Its North American Bottling Business

Thursday, Feb 25, 2010

The Coca-Cola Co. has announced it will absorb the North American business of bottler Coca-Cola Enterprises Inc. in a largely cashless transaction — a move similar to a deal approved by PepsiCo Inc. shareholders earlier this month — and hand over its European operations to the bottler for $822 million.

20. $2.6B Brookfield Deal Would Split GGP Into 2 Parts

Wednesday, Feb 24, 2010

Mall owner General Growth Properties Inc. announced Wednesday that it had received a $2.63 billion proposed equity commitment from Brookfield Asset Management Inc. as part of a plan to divide the company in two as it exits bankruptcy.